WR1 3.13% 77.5¢ winsome resources limited

Ann: Adina Main Zone strike length extended to over 1,300m, page-243

  1. 1,241 Posts.
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    tbf there is a good resource modeler Josh (who was basically spot on about LRS and PMET MREs, among other things) who has posted a great deal about Adina modeling over on reddit, showing screenshots and calcs, and he put it at 76mt @ 1.1%. That was from 18km assays, i.e. before this recent announcement. The caveat is that some infill drilling would be needed for a MRE (especially for the FWZ) but that was his figure. You can critique their model, but it's not disputed that the work was done by a professional, and the model exists.

    If you look at the drill data there does appear to be a discrete 3rd zone of mineralisation beneath the FWZ, multiple hits now. That's the third peg. But Josh picked it up months ago, and even told us which holes to look out for as confirmation -- and the recent announcement provides that confirmation, exactly where he said to look. WR1 mgmt have not acknowledged its existence yet but this is entirely consistent with the way they operate. They've always been quite "coy" with their announcements, quite stingy with the info they've provided, and have held info back because companies do have (in practical terms) great flexibility in deciding what is/isn't material (and of course ASX is unlikely to police this hard.) I'm sure mgmt have a strategic rationale behind this choice / holding cards close to chest.

    so cool your jets. Not every hole in your knowledge indicates some dastardly plot to mislead.
    Last edited by dtab: 29/11/23
 
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